Mmastodon BusinessMarkets first seen 1 h ago, last 18 min ago, peak #8
10-Year Treasury Yield Hits 24-Year High as Mortgage Applications Slump
Original: 🟠 UPDATE 10-Year Treasury Yield Hits 24-Year High Mortgage applications have dropped to their lowest level since Februar
The 10-year US Treasury yield has climbed to its highest level in 24 years, pushing borrowing costs sharply higher. Mortgage applications have fallen to their lowest level since February 2025 as prospective homebuyers retreat from elevated rates. Observers are watching for spillover effects into housing, consumer credit and broader financial markets.
Why now: Rising Treasury yields are driving up mortgage rates and squeezing homebuyers, raising concerns about the broader economy.
US Treasury10-year Treasury yieldUS housing market
Rank over time, top of the chart is #1. 2 snapshots from 1 h ago to 18 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1392064